How do you decide when it's time to sell? - page 33.

Hoganye

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Quote from: iyan33 on August 28, 2017, 05:10:47 AM

Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.

We do not need wait until the end of this year for sell our coins. If my predict is right, next month is the time mega bullish trend comeback on altcoin market like from March to May earlier this year.

BobBct

sr. member

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Theres a calculation you will do and the background of the tokens, so something like this if the token just signed a new partnership of course it is gonna be bigger.
(always know that it is still risky).

iyan33

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Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.

enhu

legendary

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ITs time to sell when you need money

Few weeks ago I was needing money for some home project and so I thought of selling some of my Monero. ITs just unfortunate on my side to see I don't have opportunity to buy back at lower price.

kryptqnick

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Quote from: bandungan on August 28, 2017, 03:18:18 AM

Quote from: deddod on August 28, 2017, 02:38:08 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

the strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.

It's a very good coin selling strategy, selling at 10 -25% profit is a very rational advantage and the profit that can be good. Especially if the price of a coin can double from the price

As I don't have a lot to invest, 10% profit will never make a difference for me. I buy a coin that I want to trade and set a price which is nearly twice as big. This doesn't work always but in general it is possible. However, I guess the biggest wins of mine are still related to long-term investments (sold eth for $300 and still hold ltc bought for $20). It is great that exchangers offer us to set any price we feel like setting and we can just the the order under 'good till cancelled' conditions.

zzwensel11

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I always keep a sheet with planned selling points when I purchase new coins. I stick to it as long as there is no new remarkable news. In case of news I sometimes adjust the selling point.

bandungan

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Quote from: deddod on August 28, 2017, 02:38:08 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

the strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.

It's a very good coin selling strategy, selling at 10 -25% profit is a very rational advantage and the profit that can be good. Especially if the price of a coin can double from the price

Idrisu

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Activity: 924

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I think this is were you should try to develop your skills because you must understand were to buy your coins and when to sell the coin, your skill in managing this two foregoing is what will determine your trading success. I do sell my coins when a pin bar appear in my candlestick chart for any position I have entered be it positive or negative. We should invest with the right mind and we would succeed in what ever we do.

deddod

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Activity: 476

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Quote from: sweetbet on August 23, 2017, 10:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

the strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.

yndye

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Activity: 616

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I just set a target profit like 10% or higher which would depend also on the movement of the coin in the past and then when it reach my target price then I will sell. I will not regret even if I sold it and the price climb higher because a profit is still a profit even if how small it is. You cannot always sell at the top and buy at the bottom so better have a plan of target profit for you to have profit. You cannot be online always and what if the coin is pump and it reach your target price but you are not online so you were not able to sell it so that is an opportunity loss so better have a target price in advance and set an order may it be a limit or conditional.

btcjocan

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Quote from: Sled on August 27, 2017, 09:00:40 PM

Quote from: Youghoor on August 27, 2017, 07:41:17 PM

Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

Based on the price rate of bitcoin that 0.003 is not a small profit anymore because it is already a few bucks. It is better to just do with that strategy to buy altcoin and made a few profits slowly rather than going for a big profit which is risky right now because most of the altcoins are manipulated by the big players who are enjoying this situation because bitcoin is already on the top.

Those big players will not go beyond further of their tricks as you show best trading strategy and for now you should be more wiser if you wanted to sell you holdings into a good price, you should wait for the exact price to rise even better. Never sold at low price, because it may waste your effort of holding for so very long; enough patience and determinations must be observed prior deciding to do that.

Cryptomover

newbie

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You can determine overbought levels by looking at technical indicators. Even if you don't know those charts, you can still look for news which supports the price rally. If there isn't any important news, you better sell ASAP

Sled

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Bitcoin- in bullish time

Quote from: Youghoor on August 27, 2017, 07:41:17 PM

Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

Based on the price rate of bitcoin that 0.003 is not a small profit anymore because it is already a few bucks. It is better to just do with that strategy to buy altcoin and made a few profits slowly rather than going for a big profit which is risky right now because most of the altcoins are manipulated by the big players who are enjoying this situation because bitcoin is already on the top.

Youghoor

sr. member

Activity: 1036

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Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

bitbob82

hero member

Activity: 630

Merit: 500

Quote from: ekoice on August 24, 2017, 02:21:43 AM

I don't blindly follow market price without any plans and i don't wait without selling thinking that sky is the limit for my profits.I set a profit margin of almost 10% or 20% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.

i think that is depending on the interest of the people, people are in fact interested in bitcoin therefore they are mostly like to continue holding their bitcoins. in fact there are a lot of expert people who have good study about bitcoin, they know about bitcoin very much and in fact they have the ability to take a right decision in right time, so we need to keep aware from the analysis of such people if we want to take a right decision either to continue keeping our bitcoin or to sell it.

HatakeKakashi

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If I see that the coin that I have and it will increase the price first i will check the buy orders so I can know if many buyer want to buythat coin if you see more maybe the coin you bhave it will increase more so you can hold it again. But its up to you if you want to sell it or not. Because if you choose selling is also good because you make profit is good. Holding coij again is also good because you can make more profit.

crazycatwoman03

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Quote from: Duzter on August 27, 2017, 02:47:19 PM

While selling all the factors that need to be considered finally depend on a single factor, which is the necessity of selling. If that's an immediate requirement and no more compromise or an postpone in the plan it's good to sell unlike the price. Else one could fix certain target price to be reached and need to sell at that price point.

I agree with that, a friend told me that sometimes it would take months before finding a good time to sell coins. So what I usually do with my coins is setting an order to my target price, in this way I would not have to monitor the market price. Monitoring the market price is very stressful and if someone is not really careful enough, it is true that a sudden decrease in the price can cause you to sell and lose the opportunity to gain high profit.

strunberg

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Quote from: Bestwishes745 on August 27, 2017, 05:14:15 PM

Quote from: cryptohorsee on August 26, 2017, 12:48:32 PM

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions of your coins when there is a pump!

Looking at the price of bitcoin, when it comes a bit down, selling the coins. This is also a good strategy to be considered if someone wants to earn and remain on the safe side. But I think, selling immediately after seeing the little downfall is not a very good option if we talk about a long term investment. Because this happens a lot. The fluctuations in the prices occur. But it is about being patient.

Yeah price fluctuations is common practice in bitcoins and we should not put more focus on it if bitcoin is an long term investment for me but if you are trader and believe in making short term profits by taking advantage of price fluctuations then you can buy and sell regularly to make instant profits.

Bestwishes745

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Quote from: cryptohorsee on August 26, 2017, 12:48:32 PM

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions of your coins when there is a pump!

Looking at the price of bitcoin, when it comes a bit down, selling the coins. This is also a good strategy to be considered if someone wants to earn and remain on the safe side. But I think, selling immediately after seeing the little downfall is not a very good option if we talk about a long term investment. Because this happens a lot. The fluctuations in the prices occur. But it is about being patient.

Duzter

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While selling all the factors that need to be considered finally depend on a single factor, which is the necessity of selling. If that's an immediate requirement and no more compromise or an postpone in the plan it's good to sell unlike the price. Else one could fix certain target price to be reached and need to sell at that price point.

Topic: How do you decide when it's time to sell? - page 33. (Read 14653 times)